Authority: National Company Law Appellate Tribunal, Chennai
Order Date: 08 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has listed two interconnected Company Appeals for admission hearing. The first appeal, Company Appeal (AT)(CH)(Ins) No.305/2025, is filed by PTC India Limited as the Appellant against Mr. Ravi Shankar Devarakonda, the Resolution Professional of Meenakshi Energy Limited, who is the Respondent. The second appeal, Company Appeal (AT)(CH)(Ins) No.307/2025, is filed by State Bank of India (SAMB-II) as the Appellant against PTC India Limited, who is the Respondent in this matter. The appeals are related to the corporate insolvency resolution process of Meenakshi Energy Limited. The bench, comprising Justice Sharad Kumar Sharma (Member-Judicial) and Jatindranath Swain (Member-Technical), heard the matters in hybrid mode.
Final Outcome
The NCLAT has ordered that both appeals be listed for admission hearing on 16th September 2026. The appeals will be considered under the caption 'For Admission (After Notice)'. This is a procedural order to schedule the next step in the appellate process; no substantive ruling on the merits of the appeals was issued at this stage.
Topics: Insolvency, Appellate Tribunal, Power Sector